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> i 12 !!•' TLW'TA (JFOlMil \N* \XI) \T.\YS. MONDAY. APRIL 28. 1913. CTOPK u I UufxLAUf uii DIPS COTTOK CLOSES Today's New York Stock Market >unt end But Public Hostility to Wall; Construction Chief Reiterates He] Street and Its Business Is Won't Pay More Than $21.75 j Spot Houses Stop Many Notices. General Selling Follows Fore cast of Warmer Weather. rlmiK i n the a mo rwired Saturday that fully >ul<J be tendered. Some of i houses were credited with greater quantity. WHEAT iS LEADER AS CEREALS RISE OCCASIONAL ODStn/AnOMS Orleans wires: Sp eglefied and lower t< (Ion 1 o sell." ts reported sell. More Below <ire civen the highest, I lowest and elosit ! stocks to-day, toge | previous close: Still Rampant. for Material. BY B. C. FORBES. The New York Stock Exchange governor* are manifesting unprece dented vigilance. They have done more rer.l housecleaning than th#| public realize. The suspension last week of two members is significant of the new order. The Exchange also probed a complaint against an im portant banking house, but did not find that tho facts warranted repri sals. • * * The Hearst papers have vigorously advocated Stcck Exchange reform They have also insisted again and again upen a fuller measure of pub licity. But the managers of the Stock E change have no control whatever over non-members. This point is too often forgotten. The Stock Exchange cannot make men honest. Governments have been trying to dc that for centuries, but human naturo has remained human nature. The best the Exchange can do is to watch closely the doings of its members and immediately pounce upon wrong-doers. That more is be ing done in this direction than ever before no one familiar with Wall Street will deny. That there is room for further improvement is also ad mitted. « * * Public hostility to Wall Street is still rampant. Several rec«nt inci dents have not tended to allay it. Numbers of newer industrial stocks have been handled disgracefully by insider . Outsiders have lost heav ily. Whether the Exchange authori ties—oi the Federal authorities— can do anything to stop such fllim- ftamming is an open question. * * * A correspondent has seen a lengthy commumca'ion which is illustrative of how a good many people feel to ward Wall Street. He berates me for not &colbmg Wall Street enough, for not “going for’’ Albany politicians and for once in a while discussing the better tide of human nature. He refers to the manipulation of certain newer shares or. the Stock Exchange, and then adds: “This dirty finance is. in my judg merit by far the most important question before the American people to-day. !l seems to pervaae all classes of bankers, promoters and corporation officials. Every piece of news is “discounted” on the Stock Exchange, which is only another way of saying that the insiders have played their official knowledge against tho stockholders and the public. Juggling of figures for the benefit of ■ Totals, speculating in the stocks of the-r companies, is so com mon as to be almost the rule; and Wall Street smiles indulgently, as who should say, “Yes: it's ciooked but it's p"rt of the game.” • * * “The Stock Exchange appears help less. It does not dare to discipline any of the “big men.” because it is absolutely dependent on the co-opera tion of the banking houses’and direct ors of tlie i .ncipal corporations for its existence. “A few years ago, when Mr. Harri- man returned from abroad to die, the head of one of our largest banking houses went to see him the day be fore his death, and was then reported to have given out an interview in which he said, ‘Mr. Harriman is prac tically a well man.' This enabled a rally in Union Pacific to about 211; but not so many months later, aft^sr the insiders had unloaded, the stock was down some 60 points. Did the Stock Exchange ever take any notice of this? No; it didn’t dare. This same banker to-day holds up his head and takes * prominent part in civic and charitable movements among men who presumably are honest and honorable. Meantime, arc we un- charitable in assuming that the bank ing house of which he is head, sold its Union Pacific above 200. where it has never b:en since? “Whi'e thA standard of morality in Wall Street is so low, it is useless to hope for improvement from within This financial clique has shown itself impervious to any sentiment of de cency. and utterly opposed to any ef fort to destroy its system of graft. Incorporation the Stcck Exchange, periodical reports of earnings, finan cial conditions, etc., of concerns whose securities are listed, are steps toward reform of conditions. onat ru e nut < 'halrman y Comm i n ug flu* pur n H .VI •tat omen* l Shelby nun, •has Clayton to-day ga sharply attacking* Smith, of the Conn his attitude ir; urgl lake asphalt st practically twice the price at which oil asphalts can be purchased He reiterated that he would not approve material costing more than $21.75 a ion. Captain Clayton quotes records of analyses by the Pratt laboratory, of Atlanta, and Dow & Smith, of New York, stating that the oil asphalts \v» n as good as the lake asphalts. Raps Smith’s Lack of Data. “I don’t know any other wh\ to determine Its worth except by chemi cal analysis,” said Captain Clayton But Chairman Smith, after two years of experience, comes forth as an ex pert without even this data. ”1 am informed that no specifica tions were Required for the recent bids received by the County Commission ers and that no bids were advertised for, but notice was sent to a few pre ferred dealers. “The county board is proceeding in the dark. They are about to pay ex orbitant prices with the people’s tax money for material tuat can be se cured at just prices ” Claims Difference in Prices. He recalled how the city adv rtis d for bids on asphalt and awarded the contract to the Texas' Company for $21.76 a ton for oil asphalt. Then he stated that the County Commission is about to pay $44.94 and $39 per ton for lake asphalt. “Bv scientific test the cheaper prod uct proves to be just as good as the lake asphalts,” continued Captain Clayton. “Chairman Smith wild he would take the convicts off the city streetif the material specified by the county were not used. I have nothing to sav about what he does with the county convicts, but I never will con sent to a squandering of the people’s money. The city will not pay more than $21.75 per ton for asphalt. “He criticises Atlanta's streets. They all arc paved with the lake as phalt he Is Insisting on.” ■ - — NEW YORK. April 28. There was a steady tone in the cotton market to-day at tie opening, prices being 6 points lower to 2 points higher. Trading was 'i iiii act i\ *■ and sentiment somewhat mixed. Notices of about 50.000 bales were Issued this morning, but from the character < f the buying they were being veil eared for. Liverpool ■was a buyer after the open ing and broken* who frequently act for spot houses bought old crops Immediately after the opening, a large quantity of May contract notices were issued, 'l ender- were quickly absorbed by McFadden. Craig and Liverpool, re- j suiting in the market developing a t steady tone, with May advancing 12 j points to Jl.37: July was under aggres- j slve bnvfrig by tin* larger spot houses and rallied 13 points to 11.53. while other l positions gained 5 to 8 points over the Initial level. Offerings were rather lib eral. which was said to be profit-taking During the forenoon a wave of selling, thought to be profit-taking, caused the old crop positions to sag a fc»w points under the early best, while new crops -Imwed weakness, inspired bv free of ferings from the ring and Wall Street. Prices dropped about 4 points under the opening level. The map indicate- favorable weather over the entire belt The map shows fair and warmer, ,vlth the exception of itionarv temperatures In North Caro lina and Fast Tesscnnee Cloudy weather In the Atlantic? with general to light rains a- needed are shown Higher tempera!ures will prevail over the western and central half, which off sets the prospects for frost, which has been a stimulating factor in the mar ket and calming considerable unfavor able apprehension among short sellers. During the late forenoon the market faced general selling by brokers who were early purchasers. McFadden and other big spot Interests sold July heav ily. also Mnv Wall Street and the ring crowd continued t*» liquidate. No one seemed to wont cotton and prices fell 8 to 13 points under the previous close May dropr»ed to 11.24. July to 11 32. Au gust to 11 34, October to 11.01, Decem ber to 11 04. while January touched 11 cents There was no support in evi dence. Everything was bearish. Weather news and crop reports were against the market. The long Interests seem pretty 'well eliminated and the average trader in clined to sell further short. New cron months showed considerable woakfiess. as the interest has been centered ir the old crop positions The buying was ex ceptionally light and concentrated. At the close, the market was stepdv with prices a net decline of *» to 1.3 , points from the final quotations of Sat urday RANGE IN NEW YORK FUTURES According to special reports sent to Tin* Journal • f Commerce-, the cotton hi reage will be increased in Arkansas, Louisiana and Tennessee. The season is earlier than last year and the ground In a fair siate of preparation Weather conditions have been very favorable Jo the crop. The Lake St John levee, twelve miles north of Kerr:.lay, I«a . went, out yes terday. flooding lower Tensas and Con cordia Parishes. Brown. Drake-ford A Co.. Liverpool, cable Spot bouses and Continent sell ing old crops." Mem phi: cloudy to warmer." "Memphis territory. prospects clear and 67 34i/a 48' 2 44 37 101 121 Dallas wires; “Texas and Oklahoma clear' and pleasant." Following are 11 a m bids: May, 11.28. July, 11.42: October, 11.06; Janu ary. 11.05. NKW ORLEANS.*April 28 Hayward & Clark: The weather map is very fa vorable It shows cloudy over the \r- lantics with general rains as needed: fair and no rain ami warmer over Central and Western States * * • Washington forecast for week: Gen erally fair weather, moderate tempera tures during next several days in South ern States Disturbance now in far Northwest will move slowly eastward and prevail over the great Central val ley about Thursday It will cause local showers and thunder storms in the lat ter part of the week in the Southern States Liverpool cables “American middling fair, 7 23d: good middling 6.70d; low middling. 6 54d good ordinary, 6.20d; ordinary, 5 85d.” * * * The following report came from a well-known crop reporter: “From Dal- la«*. Shreveport and Jackson to New Or leans and North and Fast Texas the soil is in perfect condit’on Planting is general In Louisiana and Mississippi planting is general Work is well ad vanced. Some cotton is tip in the cen tral and southern parts Dry and cool weather prevented rapid germination, but general rains have fallen over the greater part of Texas, Igmisiana and Mississippi. Rain was excessive in part" 1 of Louisiana and Mississippi. Conditions are fairly normal, except that river conditions are extremely critical.” • * * The steady decline in the Atlantic spot markets, which suggests liquida tion. is being particularly watched Following are 10 a. tn. bids: May, 12 12; July. 11.91; August, 11.55; Oc tober. 11.18; January, 11.21. Estimated receipts for Tuesday: 191.3. 1912. New Orleans 3.500 to 4.500 4.536 c 4) JZ (A t I w y ■ 1 o = a h t r; ATLANTA MARKETS Ap My EGGS- Fresh country, candled, 154$ 16c. BETTER -Jersey and creamery, i-lb. blocks, 27% ©30c, fresh country, fair demand, 17%©i22%c. DRESSED Pol 'Lilt \ -Drawn, head ! HAYWARD A CLARK’S Hens, 55©56c; Dc Jn in i Ml. 11.46 11.46111.42111.42.11.45 11 38 11.26 11.44111.21011.25 1 1.25-96 11..32-V 11.10 11.40 11.39 11.39 1 1.37-38 11.47-0 1 1.40 1 1.53 11.32 11.37 11.37-38 11.45- 16 11.30 1 1.38 11.20 11.22 11.22-24 11.28-29 11.10111.17111.05:11.05 11.03-05 11.15-17 11.1111.16 10.98 10.99 10.99-11 11.12-13 11.11IJ1.19 11.00 11.03 11.03-04 11.14-15 11.08'1 1.14 10.98 11.00 10.99-01 11.11 -12 11.13 n 13111 03 11.08(11 07-09 11 16-13 Closed steady. and feet on, per pojind: Hens, 55©55c; j DAILY COTTON LETTER fries, 2Sc; roosters, tsitfjd; turkeys I .., , v E OKJ.KANS. April 2K I'lie po- u , (fl . ... | litio.nl situation in Europe at the mo- ow ng to fatness, -0© 22 %c Intent is very critical and Important de- POULTRY Hens, 50©56c; velopments are set for to-day. Paris ©.30c, fries 85©40c, broilers I MUVS the financial situation and outlook LIVE roosters 30© 36c, puddle ducks 30© 35c, Peking 3<»©40c, geese 50© 69c each, turkeys, ow ing to fatness. lo©20c. FRUITS AND PRODUCE. FRUITS AND VEGETABLES Lem ons fancy $6.00 grapefruit $2.75© 3.00. cauliflower 10012fcc lb., bananas, I are unfavorable, owing to the prospect ive heavy taxation for the purpose of ; providing for military needs. Weather conditions over Sunday were j favorable, except over the northeastern belt, where night temperatures were too low. Liverpool came in with futures about i I points lower than due on old crops. 3c per j spots were 3 points lower Galveston 5.000 to 6.000 LUO TODAY'S PORT RECEIPTS. The following t tble shows receipts at the ports lo-dav compared with the -ame day last yea( 1313. 1912. New Orleans. . . . 1,097 2.656 (Jalveston ! 2,909 2.877 Mobile ! 1.307 266 Savannah ' 1.933 4.103 Uharleston ! 381 4.2 Wilmington. . . .1 105 393 Norfolk I 866 2,767 New York ' 171 Boston 1 60 10 1 Vnsarola 1 2.846 total | 8.658 16.478 INTERIOR MOVEMENT. 1913. 1912. Houston 1 3,550 4.009 A ugusta ' 288 406 Memphis 937 2,992 St. Ijouis 1 1.823 1.280 (Cincinnati ' 346 1.281 Linie Rock . . . .! 99 Total | 6,944 10.067 — pound, cabbage Jl©1.10 crate, peanuts I ''«»r market opened about 2 points per pound, fancy Virginia «,..<ie7r ,M ‘ r a,ul WUM *'arrl«l li points further r .. . . , ... up on a sudden advance of 20 points in choice 5%©6c. lettuce fancy $2,500,300, I Mhv in New York. which gave hone of beets $1.00© l 25 in half-barrel crates, professional bull support in that option, cucumbers $2 25© 2 50 j The general situation is recognized us I-gg Plants (scarce) $2.26©>2.75 per so unfavorable that the following of any crate, pepper $2.50© 2.75 per crate, to- suggested bull move Is more titan rau- maloes fancy, six-basket ('rates $2.25©) | tlous. This accounts for the rapid loss 2 . .. pineapples $2.50©2.75 per crate, of the advance here as soon as May in onions 60© Ooc per bushel, sweet pota- New York eased, toes, pumpkin yum 65© 70c. strawber- • lies lOfiDia^c per kuart. fancy Floridal celery $2 50© 3.00 per crate, okra, fan- j cy 6-basket crates $3©3.00. FISH. Bream and NEW nation! ORLEANS COTTON. In cotton futures: I STOCK— High. : Amal. Copper. 73 1 4 Am. Ice Sec... 25 j Am. Sug. Ref. 110' 2 : Am. Smelting j Am. Locomo., I Am. Car Fdy. Am. Cot. Oil., Am. Woolen. Anaconda Atchison A. C. L. American Can 32 do, pref Am. Beet Sug. 30 1 4 Am. T. T. ... 129 4 Am. Agriqul Beth. Steel.. 33'. 2 B R. T 89 4 B. and 0 99' 4 Can. Pacific.. 241' 4 Corn Products 10' 4 C. and O. 64 % Consol. Gas. .. 129 Cen. Leather Colo. F. and I Colo. Southern .... D and H. ... 157' a Den. and R. G Distil. Secur Erie 28 do, pref. . . 44 Gen. Electric 138 a Goldfield Cons G. Western.. 14 G. North, pfd. 126' * G. North. Ore. 33- T 4 Int. Harvester .... Ml. Central... 114 3 4 Interboro .... 15' « do. pref. 52% Iowa Central K. C. Southern 24 K and T. . . . 24' „ do, pref L. Valley. L. and N.. Mo. Pacific N. Y. Central 101% Northwest Nat. Lead . N. and W. . No. Pacific . O. and W. . Penn Pacific Mail P. Gas Co. . P. Steel Car Reading . . . 160 1 Rock Island . 21 do. pfd.. R. I. and Steel 23' 2 do. pfd.. . 83 2 S. -Sheffield So. Pacific . So. Railway do. pfd.. . St. Paul . . Tenn. Copper. Texas Pacific. Third Avenue Union Pacific. 149% U. S. Rubber Utah Copper U. S. Steel . do. pfd.. . V. C. Chem. W. Union . Wabash . . do. pfd.. . W. Electric W. Central W. Maryland Total sales, 384.000 155 131 367/. 49 104 ; 2 114/2 293/4 1143-s 1093-4 24 35 3 8 98*4 24H 77 8 107 34«/a 17 61?4 60' 2 108 Low. 717« 24/2 110' 2 66% 33 7 a 48' 2 44 36 3 4 100-a 121 30' 2 29’ 8 129 33 88' 2 98 239- 4 10 4 M a 128 « 28 43*0 138 a 14 124- 2 33' 2 114' 4 14*4 51' 2 24 24 a 153*4 1303/a 36' a 101 49 104'2 114 29 * 4 114 103' 4 24 158 *-4 21 34'/ 2 23/2 83' 2 97*4 23% 76 10o7 a 33*4 1/ 50-* 4 59-4 107' 2 65 i, 2 65', 10'* 62'/: 10 62/ prices of • with the Clot. Prev. Bid. Close. 72' 4 73 24*4 24% 110% 111 66% 67' 4 34 34 48' 2 48 3 4 43 44 ! ^ 20 20 36'% 37 100% 100% 120' 2 121 *1% 32 92' 2 93' 4 29 'a 29' 2 129 129‘ 4 50' 4 51 89 89*4 98 98 4 240' 2 242% 10' 4 10% 64* 8 64' 4 129 129 23% 23% 32'% 32' 4 29 29 157' 4 157 20 20 15' 4 15« a 27*4 28's 43' 4 44 138' 2 138 2 2 14 14% 125% 125' 4 33 33/ a 103 102 114* 4 115 143 a 15 51% 54'/ 2 8 8 23 23% 24 243 4 59*4 59 154' 4 155% 131' 2 132 36' 4 36% 101' 2 101', 4 128/2 127% 49 49 104% 104% 114% 114 29% 30 114% 114 34 24 109% 109 23% 24 160 160 21! 4 21% 35 35' 2 23 23% 83' 4 83% 32 30 98/ 2 98' 2 24 24% 76' 4 77 106% 106% 34 ; 2 34% 15% 17% 34 34% 148% 149% 61 61 5L2 51% 60% 60 a 107' 2 108 31' 2 31' 2 65' 4 65% 3 3 10 10' 8 61/2 62% 52 52 38; 4 38 Firm Cables and Bad Weather Cause Heavy Buying by Big Commission Houses. ST. LOUIS-CASH QUOTATIONS. Wheat No. 2 red Corn—‘No. 2 Oats No 2 .110 ©112% . 58% . . 35 LARGE INTERESTS CHICAGO, April 28.—The sharp ad vance in the; price of wheat at Liverpool this morning was the bull help at Chi cago. coupled with the unfavorable weather in the United Kingdom and the backward seeding there. Northwestern receipts whre considerably in excess of a year ago and the sarrje may be said of the world’s shipments Corn was unchanged to % to -,c higher on the unsettled weather in the Argentine, which is unfavorable for the movement and is likely to create a de mand from abroad for American corn. <>a:s were unsettled with Heptember strong and other months weak. Under a run of 60,000 hogs at Chicago and a 20-cent decline in the price at the yards hog products were 12% to 17* 2 c lower early. Wheat closed strong at about the best price reached, snowing gains for the day of %c to 3 1 o w ith* the exception of tak ings at Chicago, which were small at 25,000 bushels. The total sales here were 75.000 bushels, part of which was forced on the millers. ‘■•‘>rn closed 3 8 c to %c higher and oats were up %c to ' 4 c. Cash sales were corn 135,000 bushels and oats 95,000 bushel* Provisions closed lower on the severe break in hogs as the day wore away. CHICAGO GRAIN MARKET. Previous High. Low. Close. Close. WHEAT— May 9;:% 92% 92% 92 July 91: % 92% 92% 91% Sept 9L* 92 91 CORN— May 55% .=.412 55 % 54% July..*... 55% 56* 55 55% Sept.... 56 % •VC, 56%. 56*4 OATS— May 84 s 4 34 >4 34% 34 % July 34% 33% 34% 34% Sept 34% 33% 34% 34 PORK— May.... 19.52% 19.45 19.45 19.62*2 July.... 19.57% 19.50 19.50 19.67 % 19.42% Sept.... 19.40 19.25 19.30 LARD— May.... 10.87% 10 82% 10.85 10.90 July.... 10.85 10.72% 10.80 10.82% Sept.... 10.85 10.75 10.77% 10.82% RIBS— May.... 11.25 11.20 11.22% 1.1.20 July.... 10.92% 10.85 10.9() 10.95 Sept.... 10.75 10.67% 10.72% 10.77% CHICAGO CASH QUOTATIONS. CHICAGO. April 28.—Wheat No. 2. I.O6V2© 1.07*4: No. 3. 1.00© 1.02; No. 2 hard winter. 93%@95; No. ?, hard winter, 92©94%; No. 1 Northern spring." 93%©< 95; No. 2 Northern spring, 91% @93%; No. 3 spring, 89© 90. Corn No. 2, 57©)57%; No. 2 white, 58 ©58' : .; No. 2 yellow. 56© 57%; No. 3. 54-% ©55%: No. 3, white. 57@57%; No. 3 yellow. 54©56: No. 4. 53%©54%; No. 4 white, 5444 © 55; No. 4 yellow, 53%©) 54%. oats—No. 2 white, 35%©36; No. 3 white. 34%© 35. No. 4. 32; No. 4 white, 33%©34; standard. 35%©35%. PRIMARY MOVEMENT. The head of a corporation whose s curities have slumped millions of dollars since recently floated ventured info Wall Street last wpek and was roughly handled. One banking firm caught in the smash-up nearly came to blow s with him. The end is not yet. * * V Financial condltionj in Mexico are expected to attract unpleasant notice. Things are nearing a deadlock, bankers learn. ♦ * * From a well-informed source it % learned that the enormous stork holdings of a veteran multi-mil lionaire are being sold whenever the market will absorb them. This throws light <>n the liquida tion of certain high-grade is sues usually very inactive. The seller Is planning to retire from the business arena. * * • Any one walking along wall Street after an absence of half a dozen years would rub his eyes in be wilderment, 90 great have been the changes in its buildings. Another pretentious bank build ing will be opened in the world's best known thoroughfare this week, while Morgan Co.’s new home will shortly begin to rise on the she of the doomed Drexel Building. Everybody downtown is becoming aesthetic. It costs money. * * * The alternative to dear money in the fall is duller trade. The latter is the more probable. ‘‘.Let ’em all come” is the slogan ?£ certain railroad presidents in reference to the men's demands for higher wages. The heavier the addition to pay-rolls force J upon the roads, the less excuse will the Interstate Commerce Commission have for refusing an offsetting increase in freight rates. * * * The bond won ' is about to turn, ic would seem. Borrowers are re fusing to pay the price demand ed. A change in the status ap pears to be due. « * * California is not hurting Wall Street. You can’t kill a dead dog. * * * “I was talking to J. P. Morgan to day,” began one man. “What?” ejaculated the other. “I mean J. P., junior,” hastily added the speaker. Wall Street hasn't yet becom»a accustomed to a new “J. P. Morgan.” | Naval Stores Houses Oust ‘Middle Man’ | Government Approval Is Secured to Plan to Sell Direct to the Consumer. SAVANNAH, GA.. April 28 —Naval stores factors in Savannah ami Jackson ville, who handled 85 per cent of the product at these ports, have arranged, with the approval of the Government, to go back to the old method of doing busi- D6M, eliminating the middle man. or such a selling company us the American Naval Stores Company. According to J. A. G. Carson, presi dent of the Carson Naval Stores Com pany. who returned from Washington, where lie was in conference with the At torney Genera! on the prohibition, the operation of the plan will revolutionize the methods of distributing rosin, and will effectively eliminate the speculator. Alexander Ackerman, of Macon, Dls 1 - trict Attorney, accompanied the delega tion to Washington. A general meeting of the naval stores factors of the South has been called f<*r this city on Friday for the purpose of perfecting plans to market naval stores direct to the consumer. The agreement as at present outlined will af» feet rosins only, hut it is said that the factors may decide later to market spir its in the same way. WHEAT— 1913. | 1912. Receipts 1.369,000 I 555,000 Shipments 501.000 ' 431,000 CORN— ! | Receipts 538.000 1 977.000 Shipments 426,000 j 610,000 CHICAGO CAR LOTS. Following are the receipts for Monday and estimated for Tuesday: NEW YORK PRODUCE MARKET. NEW YORK, April 26.—Petroleum firm; crude Pennsylvania 2.50. Turpentine steady; 42 bid. Rosin quiet; common 4.75 bid. Wool quiet: domestic fleece 28©30, pulled scoured basis 38© 55, Texas scoured basis 48© 55. Hides dull; native steers 16%© 19%, branded steers 15%©1576. Coffee steady; options opened ? to 5 higher, Rio No. 7 on spot 11%©11%. Rice steady; domestic ordinary to prime 4%%5%. Molasses steady; New Orleans open kettle 35©50. Sugar, raw quiet: centrifugal 3.36© 3.39. muscovado 2.86© 2.89, molasses sugar 2.61©2.64. Sugar, refined quiet; fine granulated 4.20© 4.35. cut loaf 5.05©5.15. crushed 4.95 © 5.05, mold A 4.60©4.70, cubes 4.45©4.60, powdered 4-.30©4.45, diamond A 4.35 bid, confectioners A 4.10©4.20. Softs -No. I 4.00© 4.to. (No. 2 is 5 points lower than No. 1 an1 Nos. 3 to 14 are each 5 points lower than the preceding grade.) Dried fruits steady; apricots choice to fancy 10%©12%, apples evaporated prime to fancy 5%©S%. prunes 20s to 60s bid, 60s to l()0s 3%©4%. peaches choice to fancy 6©6%, seeded raisins choice to fancy 5@6Y 2 . ! Mv j 3ne I Jly Ag “But the real vital sue is plain per h hundrt honesty; reforming conditions, after 'medicated all. only reforming the machinery.| Wo must find means of compelling honest and disinterested service in the directors of our large corpora tions, and plain honesty in the offi cers of our bank.” I' IGli Bream and perch, 7c pound; snapper. J0o pound; trout. 10c pound; hluetlsh, 7c pound; pompano, 20c pound; mackerel. 7c pound: mixed fish 5©6e pound, black bass, 10c pound, mullet, $12 per barrel FLOUR AND GRAIN. j Snt FLOUR I’ostell’s Elegant $7.75, *> Omega $7 50. Carter's Rest $7.75, Qual ity (tines! patent) $6.65; Gloria (self rising 1 $6.50. Results (self-rising), $6.25; Swans Down (fancy patent) $6, Victory, (the very best patent), $6 65. Mono gram $6. Queen of the South 'finest patent) $6 60. Golden Grain $5.60, Fault less (finest) $6.25, Home Queen (high- es: patent) $5.85, Puritan (highest pat ent) $5 86. Paragon (highest patent) $5 8;>. Sunrise (half patent) $5 25. White Cloud (highest patent) $5.50. White Daisy (high patent) $5.50, W hite Lily ' high patent ) $5 50, Diadem (fancy high patent) $6.75, Water Lily ipaient) $5 16, Sunbe.'.m $5.25, Southern. Star (patent) $5 26. Ocean Spray (patent) $5.25. Tulip (straight) $4 If*. King Cotton (half pat ent) $5. low grade 98• pound sacks $4. GROCERS. SUGAR Per pound: standard granu lated 6c. Nett York refined 4%c, plan tation t 85c. COFFEE — Roasted (Arbuckle’s) $24.50, A A A A, $14.50 in bulk; Iti bags and barrels. $21: green 20c. RICE--Head 4%©5%c, fancy bead 5% ©6%according to grade. LARI)—Sliver leaf 13c pound. Sooco 8*x<* pound. Flake Whit* 8 %c pound, Cottolene $7.20 per case. Snowdrift $5.85 per ease. SALT One hundred pounds, 53c: salt brick (plain) per case, $2.25: salt brick I 0 12 10 12 K 33 t c I a. 5 .19 12.00 ’2.01 12.12-01 12.10-11 11.94-96 12.04-06 ' 1 93 11 .!•:• 11.77 11.77 11.78-79 11 90-91 1 1.57 1 1.64 1 1.43 11.43 11.43 11.55 11.18-20 11.28-29 11.21 11 26 11.08 11.09 11.08-09 11.18-19 1 1.08-09 11.18-19 I 1.23 11.25 11.08 11 08 M.08-09 11.18-19 II -6 11.26 11.13 11.13 11.10-12 11.20-21 i I | 11.09-11 H.19-,21 ■ I ! :11.88 11.98- 12 Closed steady. LIVERPOOL COTTON MARKET. I LIVERPOOL. April 28 This market was due to open 2% points lower on May and % point higher on July and un changed to 1 point lower on other posi tions, but opened quiet, at a net decline of I to 1 % points. At 12:15 p m . the market was steady 3 to 4% points lower on near positions ami 2 to 2% points lower on late months. Later the market advanced % point from 12:15 p m Fair business doing in spot cotton at 3 points decline; middling 6.7©d; sules s.CKH) bales, including 7,700 American; Imports 6,OOO bales. Port receipts are to-day estimated at 8,000 bales, compared with 12.198 last week and 16.444 bales for the corre sponding week last year, against 14 016 bales for the same week the year before. Futures opened easier. SPOT COTTON MARKET. Atlanta, quiet; middling 11%. Athens, steady; middling 12%. Macon, steady; middling 12c. New Orleans, quiet; middling 12%. New York, quiet; middling 11.70. Philadelphia, quiet: middling 11.95. Boston. MUlet: middling 11.70. Liverpool, easier; middling 6.70d. Savannah, steady; middling 12c. Norfolk, steady; middling 12c. Augusta, steady; middling 12%. Mobile, steady: middling 12c. Galveston, steady: midling 12%. ('harleston. quiet; middling 12c. Wilmington, nominal Little Rock, steady: middling 11%. Baltimore, nominal: middling 12%. Memphis, s'eady; middling 12%. St. Louis, dull, miiidling 12% Houston, steady; middling 12%. Louisville, firm; middling 12%. Greenville, ouiet: middling 11%. /harloite, steady; midtiling 12c. COTTON SEED OIL. New Carat Weight Has Been Adopted Uniform Decimal System Will Be Employed in Selling Precious Stones.* NEW YORK, April 28—Lack of uniformity in tlie weight of the carat for different countries has induced American dealers in diamonds and other precious ptones to adopt a uni form* decimal carat weighing exactly one-fifth of a gram, or 200 milligrams. The new weight will he used by American jewelers* beginning July 1. France, Germany, Austria, Italy, Spain and Japan now use the inter national carat. England has not yet legalized it. The now «ight reduces the size of 0 carat b 2 1-2 to 3 per cent. NATION’S BANK CLEARINGS IN WEEK SHOW DECREASE Bank clearings in the United States for the week ending April 24 aggregated $3.140,417.(K)0, against $3,402,020,000 the previous week and $3,152.165.(XK) in the same week last year, according to Brad- street’s tabulation. Canadian clearings aggregate $166,956,000, as against $169,- 80.7,000 the previous week and $167,508,- 000 in the - same w r eek last year. Fol lowing are the returns for the principal centers, with percentages of change from the same w r eek last year: April 24. New York Chicago Boston Philadelphia St. Louis Pittsburg Kansas City San Francisco Baltimore Cincinnati Minneapolis Los Angeles Cleveland Detroit New Orleans Omaha Louisville Milwaukee Atlanta Seattle Portland, Oreg. ... St. Paul Buffalo Denver Providence Indianapolis Richmond Memphis Washington, D. C. .$1,787,285,000 - 4.2 295,906,000 _ .■» 141928,000 -22.0 158,676,000 6.8 82,229,000 7.4 66,896,000 46.1 57,925,000 8.3 4:*,408,000 2.7 26.259,000 13.6 24.301.000 -12.6 21.102,000 19.4 24.798,000 9.2 22,307,000 16.6 14,116,000 23.8 16,473,000 -15.9 15,585,000 1 4 12,91.8,000 5.8 14,278,000 13.8 1 11.620,000 - 2.8 11,628,000 16.3 11.105,000 2 1 9,940,000 3.9 11,419,000 20.3 8,815,000 6.3 7,177,000 - 9.6 7,654.000 2.2 7,789.000 - 7.4 6.980,000 8.7 7,530,000 4.3 , Others are gains. Colton seed oil quotations: i tpening Spot . . . . . .! 1 April May June July August .... September . . . October .... November . . . (Mos *d stead > 6.92© 6.9: 6.94 ©6.96 6.97© 6.98 7.03© 7.04 7.02© 7.04 4i,67 6.50© 6.52 6 10 ©6 42 tales 21.400 barrel Closing. 6"99© 7.06~ 0.97© 7.01 7.01© 7.03 7.03© 7 04 7.09© 7.10 6 09© 6 10 6.77© 6 78 6.51 © 6.53 NEW YORK COFF-rE MARKET. ' o ff e e quota lions per per case ’ per case, ! 30c: 25-1! Well some of us have been trying I our best to preach honesty, and to criticise dishonesty. But miracles cannot be wrought in the twinkling of an eye. It »s some consolation to ; know that the trend is in the right V* 1 5;: ::o l u r *eap $1 direction. ! 4 pt ’: ' R umford baking powder per case. $4 85; wait red ndredweight $1; .salt white weight 90c. Granocrystal. 25 lb. sacks, 75c: ^ult ozone, 30 packages, 90c; 50-lb. sacks, sacks 12c MISCELLANEOUS Georgia cane «ynq* 37c, axle grease $1 75. soda crackers 7%c pound, lemon crackers 8c. ster 7c. tomatoes (2 pounds) $1.55 pounds) $2 2;,. navv beans. $3 25; Lima beans ?%<-. shredded biscuit $9 60. polled uats $3.90 per case, grits (bags) pink salmon $7. cocoa S80. roast 8<). syrun 30c per gallon, Sterl April .... Opening Range 2 . 6.47%-6 44 P. M. 6.46 Prev Close. 6 48 % Apr.-May . .6.40%-6.39 6.40 6.44 May-June . . .6 12%-6 39% 6.40 6.43% June-.Inly . .6.40%-6.37% 6 38 6 41 % July-Aug. . . .6.37 -6.34 6.36 »; 38 Aug.-Sept. . 6.27 -6.24% 6.26 6.28 Sept.-Oct. . . .6.15 -6.13% 6.13 6.15% <»ct.-Nov. . . 6 0S 6 06** 6 06% 6.08% W>\ - Dec. . . .6.05 6 03% 6 05 V* Deo.-Jan. . . .6.02% 6,04 % Jan.-Feb. . .6 03 -6 01% 6.03 Ueb.-Meh. . . 6 03 6.04 V, January. February. . . . April May June July August . . . September. . . October . . . November. . . December. . . Closed steady Opening. | Closrrig. jll.49©lt.l 11.50© 11.i i 11.53©ll.i 11.10 1.1.15© 11. 11.18© 11.25 11.23© 11 : 11.88 L1.87011.: I1.35lfll.40 11.37©1I.: 11.46 1 1.48© 11* 1 1.48© 11.- 11.48© 1 L- 1 1.46© 11.47 U *8© 11. Sales. 50.750 bags War News Abroad and California Situation Blamed for Break, Inactive Issues Weak. By CHARLES W. STORM. NEW YORK, April 28. Weakness was dominant at the opening of the stock market to-day and losses ranging from ttactions to about 2 joints woe scored h> many important issues. Trading was v*r\ active. 1'he pressure resulted from the European wai scare Among the losses were Amalgamated (’upper j.%, American Gan 1%, Ameii- > jui Smelting l, Canadian Cacinc L',s, St Haul i. Erie %, Illinois Central %, Le high \ alley i *. Missouri l’acinc ». I mted {States Steel common .t, Utah t opper **. Union 1‘acitic %, Reading 8 aim I’ennsylvama %. After a uall hour s trading, a stronger tone developed and some oi the stocks luuie partial recoveries. New York Cen tral advanced •», while Northern i'a- eifle gained %. American Can recovered neany all its decline. Missouri Facilic recovered and gained. The curb market was easy. Americans in London were above New York parity, but did not give assurance of stability. Canadian Uacific in London was weak on Continental selling Severe losses were recorded in the market during the forenoon Lehigh Yalle> lost 1-jj to 154%. Canadian Uacific declined 2 points to 240%. .St, Haul broke a point to 108. United .Mates ict'l % off. Amalgamated Copper was off •%. Fractional losses were recorded in all the other Issues. Money loaning at 2%© %. There was not much change in the last hour. Amalgamated Cupper sold around 7 3 for a gain of % over the mid day level. Steel crossed 60 for a gain of s Reading. United States Rubber. American Can and American Smelting made fractional gains over the noon range Lehigh Valley declined Trading was quiet. GRAIN CLEARANCES. Following are the grain clearances for the week: Wheat. 335.000 bushels. Flour. 75,000 barrels. Corn. 7.000 bushels. { Oats. 167.000 bushels. Wheat and flour equaled 673,000 bushels. GRAIN VISIBLE SUPPLY. Following are the weeklv visible sup- I ply changes in grain for the week: Wheat, decrease, 2.103.000 bushels. I Corn, decrease. 3.635.000 bushels «‘ats, decrease. 452.000 bushels. LIVERPOOL GRAIN MARKET. LIVERPOOL, April 28.-Wheat open- ! e<l % © 3d higher; at 11:30 p. rn. the j market was %© 7 8d higher. Closed % 1 © -k(1 higher. j Corn opened unchanged; at 1:30 p. m. i .e market was %d lower to %d higher. I Closed unchanged to Hrt lower. Deposit Your Money Where You Get Both, Absolute Safely and Highest Interest Rate--- 4 Per Cent, Compounded Semi-Annually Strongest State Bank in the South Capita! and Surplus: $1,800,000 Equitahje Bldy. Pryor St. Ft 50 (i THE WEATHER. VT.TON, April 28 - The w ent I * settled with showers dur- * 36 hours In the Upper Ohio > Lower Lake region and the i * and New England ! r weather will prevail to- I Cattle Re< < foesday In the South At- 25c hover H. '• !•" Gulf States, the Mis j heifers. 3 35© I ey and Upper l uge region ;*:;, »*<•(• T* re will 1*. lower to-night 7 oe© 9 0" “ in New England and east- sheep Keo K and to-night on the mid- lower. Nhtu. coast. It will risH Tuesday jambs. 6.40© 8 h Atlantic and East Gulf J Mississippi and Ohio Yal- Upper Lake Region. , GARy> IX UNTIL 7 P M. TUESDAY tenter of u ’loudy to-night; Tuesday I stroyed one wlv rising lemtverature. » 1 LIVE STOCK MARKET. C\Co. Vprll 28 -Hogs -Receipts 'l. ‘ vet : •) to 25c lower. Mixed utche»> 8:u. ©8.75; good heavy. T< . 'o q;h heav\. SS0fr8.5O; light 1 73 pigs* 6 90©8 30; bulk. 8 45© ,e 109 MMN4 ' ITfc AVk. in 1 TAYLOftl FEED I 31.000 Market. 15 to 7 25©8.90: cows and j stockers and feeders. 1 6.75© $.00; calves, \ 35 «>A0 Market 19c i J Western. 5.40©6 96. i $50,000 FIRE IN GARY. IND district '.c- ock, with a j | COM* AIT U»ra «kj >• einr Wn*» %oJ»j MALLARY TAYLOR IRON WORKS 7. Mncon. Ga. g Fnftiwu. B-'UeM. SltlngW? MaWuium. C’v T. of $50,000. I Opt* n». and Dfi« ll’hit* lat H-me or Sanitarium. BocV- on ; Ifw*., PK R M. W OOLLCY, 2«*N, Vlctai j 18«i‘lt«nur.i. Atlanta. GcoiV*. , 1 i P-R-I-N-T-O-R-I-A-L-S I No. 98. TKe Economy of Quality is merely a synonym of the old saying inat "the best is al ways the cheapest." Low prices ami "quality" will not "yoke" but the BEST AT THE LOWEST PRICE is the combina tion to hitch your hopes" to We do "QUALITY” PRINTING at a price that PROTECTS RESULTS'! and that's equivalent to PROTECTING YOUR ADVERTISING INTERESTS To get deeper into the logic of the thing, phone for our Representa tive to call. He will preach "Quality." for that's our text—but. he will surprise you with price conserva tism, for that’s our D t. « w C* ^ Jrrinting \^o. piincip.e 46-48-50 W Ala. Phones M-1560—2608—2614. Atlanta. BYRD DEATH CLAIMS: “Claims are paid fully and promptly ” CmENERAL: “The books are carefully and accurately kept and all the Company’s records are in first class order. ” “Attention is being paid to economy in expenditure, consistent with efficiency ‘The calculations of the Company’s Actuary have been checked and total shown is in agreement with his figures. ” The laws of Alabama require an annual examination of the insurance companies chartered in that state. The foregoing extracts are from the report of W. R. Halliday, official Examining Actuary for the Alabama Insurance Department, made in compliance with that law, in his examination of The Southern States Life Insurance Company of Alabama, on March 29th. 1913. HOW W© GrO re ** 0rt ' S 5n * <eep ' r,g w * i * 1 t * ie P r ®vious reports based on an annual examination January showed an increase of 51 e * -pL • • i , r «• , February showed an increase of 35^ 1 he uncriticised record ot this company and March showed an increase of 28* the splendid co-operation of the home office should appeal to life insurance salesmen. Attractive and Liberal Agents’ Contracts for the right men “The Company That lias Never Contested a Death Claim” S3t/ III IV1 WILMKR L. MOORE. Pres. The Southern States Life ins, Co, ATLANTA- GA.